U.K. Document Vault
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The OBR's new forecasts for public borrowing likely understate the scale of the necessary future fiscal consolidation.... More by Samuel Tombs
In one line: The medium-term fiscal consolidation likely will need to be bigger than the OBR's forecasts currently imply.... More by Samuel Tombs
News from AstraZeneca that its vaccine is 70% effective at preventing Covid-19 symptoms leaves leaked government plans for a rapid immunisation programme looking realistic.... More by Samuel Tombs
In one line: Almost certainly understating the lockdown's impact.... More by Samuel Tombs
We're not rushing to revise our assessment of the scale of the economic damage wrought by the second lockdown, following the above-consensus reading of Markit's flash composite PMI in November.... More by Samuel Tombs
In one line: Further job losses take the shine off the better-than-expected activity reading. ... More by Samuel Tombs
The run of lower-than-expected, though still high, public borrowing continued in October, with "PSNB ex." coming in at £22.3B, well below the £28.7B anticipated by the OBR in August.... More by Samuel Tombs
In one line: The trend will deteriorate in the winter; the OBR won't revise down its borrowing forecast next week.... More by Samuel Tombs
In one line: Another solid month; the next two months will be a roller coaster.... More by Samuel Tombs
Official house price figures confirm that the market is booming.... More by Samuel Tombs
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